Archive · 30 Jul 2025
Two Indian Companies Launch IPOs for Expansion
Two companies, Renol Polychem and Jyoti Global Plast, are selling shares to the public through IPOs.
Renol Polychem makes colors and additives for plastics and will use the money to buy new machines and expand.
Jyoti Global Plast makes plastic containers and is moving into defense and aerospace, planning to use the money to build a new factory and pay off debt.
Both companies are hoping to grow their businesses by selling shares.
Renol Polychem's IPO is opening July 31 with a price band of ₹100-105 per share to raise ₹25.77 crore.
Jyoti Global Plast's IPO opens August 4 with a price band of ₹62-66 per share, aiming to raise ₹35.44 crore.
Renol Polychem plans to use IPO funds for machinery, working capital, and debt repayment.
Jyoti Global Plast will use funds for a new manufacturing unit, debt repayment, and general corporate purposes.
Both companies are in the manufacturing sector, with Jyoti Global Plast expanding into defense and aerospace.
- Who
- Renol Polychem and Jyoti Global Plast, both manufacturing companies, are offering IPOs.
- What
- Two companies, Renol Polychem and Jyoti Global Plast, are launching IPOs to raise capital for business expansion and other purposes.
- When
- Renol Polychem IPO opens July 31, 2025; Jyoti Global Plast IPO opens August 4.
- Where
- Renol Polychem is based in Rajkot, India. Jyoti Global Plast is based in India and plans to set up a new unit in MIDC Mahad.
- Why
- Both companies are raising funds for business expansion, new machinery, working capital and debt repayment.
- Renol Polychem IPO Open Date
- July 31, 2025
- Renol Polychem IPO Price Band
- ₹100-105 per share
- Renol Polychem IPO Amount
- ₹25.77 crore
- Jyoti Global Plast IPO Open Date
- August 4, 2025
- Jyoti Global Plast IPO Price Band
- ₹62-66 per share
- Jyoti Global Plast IPO Amount
- ₹35.44 crore
- Jyoti Global Plast Net Profit FY24-25
- ₹608 lakh
